Shares of «Norilsk Nickel» Continued to Fall for the 2nd Day in a Row After the Accident
OREANDA-NEWS. Shares of «Norilsk Nickel», which fell by 3.8% at the end of trading on Saturday, at the beginning of the day on Monday, February 22, lose another 4.5% in price, falling to $345 apiece, playing back the news about the accident at the Norilsk concentrator.
The accident at the Norilsk Processing plant (part of Norilsk Nickel's subsidiary «Medvezhy Ruchey») occurred due to a gross violation of safety regulations by the company's management, the head of Norilsk Nickel, Vladimir Potanin, told reporters. «An investigation is currently underway. The head of the factory where the accident occurred has been removed from his post», he said.
On the night of February 20, the building of the ore transshipment point and the pedestrian gallery adjacent to it collapsed at the Norilsk Processing plant. This happened during the repair work to strengthen the structure of the building. Two got out on their own, four victims were taken out by rescuers, one of whom later died in an ambulance. Two were found under the rubble in the evening.
On the night of February 20, the building of the ore transshipment point and the pedestrian gallery adjacent to it collapsed at the Norilsk Processing plant. This happened during the repair work to strengthen the structure of the building. Rescuers pulled four victims from the wreckage, one of whom later died in an ambulance. Two were found under the rubble in the evening.
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